Raiffeisen Bank International AG Sells 20,000 Shares of ACM Research, Inc. $ACMR

Raiffeisen Bank International AG decreased its position in ACM Research, Inc. (NASDAQ:ACMR) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 360,000 shares of the specialty retailer’s stock after selling 20,000 shares during the period. Raiffeisen Bank International AG’s holdings in ACM Research were worth $42,797,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ACMR. Contravisory Investment Management Inc. raised its stake in ACM Research by 2.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock worth $662,000 after buying an additional 115 shares during the period. Maryland State Retirement & Pension System grew its stake in ACM Research by 2.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after acquiring an additional 168 shares during the period. GAMMA Investing LLC grew its stake in ACM Research by 14.5% in the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock valued at $183,000 after acquiring an additional 182 shares during the period. MML Investors Services LLC increased its holdings in shares of ACM Research by 1.0% in the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after acquiring an additional 217 shares in the last quarter. Finally, First Growth Capital LLC increased its holdings in shares of ACM Research by 5.4% in the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock worth $226,000 after acquiring an additional 285 shares in the last quarter. Institutional investors own 66.75% of the company’s stock.

Insiders Place Their Bets

In other news, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $405,650. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 24.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Daiwa Securities Group assumed coverage on ACM Research in a research note on Wednesday, August 26th. They set a “buy” rating and a $136.00 target price for the company. Roth Capital set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Craig Hallum reaffirmed a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research note on Monday, August 10th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $122.75.

ACM Research Stock Performance

Shares of ACM Research stock opened at $69.42 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 33.06 and a beta of 1.96. The stock’s 50-day moving average is $86.31 and its 200-day moving average is $71.30. ACM Research, Inc. has a one year low of $26.10 and a one year high of $127.19.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The business had revenue of $292.92 million during the quarter, compared to the consensus estimate of $269.28 million. During the same period last year, the company earned $0.54 earnings per share. ACM Research’s quarterly revenue was up 36.0% on a year-over-year basis. Equities analysts predict that ACM Research, Inc. will post 1.68 earnings per share for the current fiscal year.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.